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Dec 5, 2012
12/12
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WBAL
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both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looking to apply additional pressure on at a conference next week. the regime insists they would not use weapons against its people. >> a natural gas tanker arrive
both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away....
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98
Nov 30, 2012
11/12
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KTVU
tv
eye 98
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the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small businesses saying, "if we even thought about hiring, we are going to wait until we get some kind of resolution around the fiscal cliff. and most concerning to me, 60%+ of small businesses don't believe the government can figure out how to solve this fiscal cliff. > c'mon congress and president. all right, michael alter. i'm going to see you in a month. let's see if some things are improving. i appreciate it. > > i can only hope. thanks for having me. just ahead, are banking stocks ready to short circuit? a couple of traders charge in with their views after the break. >-.y÷$@y+o3vhpe the time has come fo
the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small...
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Dec 27, 2012
12/12
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FOXNEWSW
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks and wall street wells fargo bank of america citi bank goldman sachs they generally pay zero federal corporate income taxes that's one side they pay nothing over a period of ten years they might pay one and two percent at most but the other thing is the turnover in other words they're buying and selling their trading they're doing flash trading high frequency trading they're doing a million trades per second on one computer and they have many computers there's no sales tax on any of that the average person to buy a pair of shoes or some clothing or some electronics you're going to pay sales tax in
debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks...
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Dec 21, 2012
12/12
by
FBC
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eye 132
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fiscal cliff, fiscal clef -- i made that up. all we seem to here as we approach christmas and it is holding the market hostage. will congress get its act together? the news we just gave you was john boehner has left d.c. for his district this afternoon. where should you put your money to work in 2013? barry bannister is managing director of stifle nicklaus, he is a bull with dennis and the target of 1600, great to see you. why are you so bullish? tell me what is at the heart of this. >> i agree with you the fiscal cliff has been a burden. we all expect an extension, a messy compromise. we know deficits hurt earnings and as we look to the political solution which has been driving the economy we expect a pickup in capital spending next year as well as construction and other measures. liz: if there's a feeling, an impression that people don't know what is going to happen on so many levels, what would generate the rocket fuel to push that pickup? >> we all know the political process is about evenly divided and created great deal of
fiscal cliff, fiscal clef -- i made that up. all we seem to here as we approach christmas and it is holding the market hostage. will congress get its act together? the news we just gave you was john boehner has left d.c. for his district this afternoon. where should you put your money to work in 2013? barry bannister is managing director of stifle nicklaus, he is a bull with dennis and the target of 1600, great to see you. why are you so bullish? tell me what is at the heart of this. >> i...
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69
Aug 13, 2012
08/12
by
CNBC
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eye 69
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will that actual ly ly. >> there is a fiscal cliff issue. you hear it time and again about the hesitation. because they don't know not just the fiscal cliff but the overall administration. what is going to be their stance towards business. >> i agree. and i will take the gloves off. but i do think that it's a positive that we have got these guys talking about what is that 800 pound gorilla in the room. they keep looking at how much we're spending versus how much greece spends. i think we have to focus back in on these. if you didn't have somebody like paul ryan on the ticket, then i think the talk, basically goes to, well, mitt romney worked at bain capital. so what. that's a good thing. but we will see what the voters think. >> we talk about boxing. today's after a run we have had in the markets, it's been a period where they have kept peop people. >> all right. ryan may be chairman of the house's budget committee but is there reason to believe. chief u.s. economist, he joins us right now. it's great to have you with us. >> i think that's g
will that actual ly ly. >> there is a fiscal cliff issue. you hear it time and again about the hesitation. because they don't know not just the fiscal cliff but the overall administration. what is going to be their stance towards business. >> i agree. and i will take the gloves off. but i do think that it's a positive that we have got these guys talking about what is that 800 pound gorilla in the room. they keep looking at how much we're spending versus how much greece spends. i...
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120
Nov 9, 2012
11/12
by
FOXNEWS
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eye 120
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the fiscal cliff, doom and gloom headlines. boehner is saying okay, president obama, you want to talk about the fiscal cliff. go first. we're waiting. what do you want to cut? i think that the conventional wisdom in washington among democrats and republicans is the president need to embrace simpson bowles. a great starting point. it allows him to not come out and put cuts on table, which i don't think he wants to do. i think some democrats, too, come out, like schumer and said i don't want you raising taxes on people under $1 million. we know it hurts his constituency. the they said raising taxes in a recession or down economy is not the good thing to do a year ago, it's not good to do now either. >> dana: bob, if you are in a position of leadership at the white house, do you think it's smart for president obama to lay out a plan like simpson-bowles or call it something else if he wants to and because he knows he can't get a tax increase at the level he is talking about through the house and maybe not even the senate, shouldn't
the fiscal cliff, doom and gloom headlines. boehner is saying okay, president obama, you want to talk about the fiscal cliff. go first. we're waiting. what do you want to cut? i think that the conventional wisdom in washington among democrats and republicans is the president need to embrace simpson bowles. a great starting point. it allows him to not come out and put cuts on table, which i don't think he wants to do. i think some democrats, too, come out, like schumer and said i don't want you...
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184
Dec 1, 2012
12/12
by
CNNW
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eye 184
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cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter: the didn't work, now, their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> reporter: democrats shot back. >> they're not only blaming her for this intelligence report, they're trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house, i could write a bock. >> or make an internet video that's actor angus t. jones caught slamming his own tv show. >> if you watch "two and a half men" please stop watching "two and a half men." i'm on it and don't want to be on it. >> reporter: he apologized but may still get his wish. now, to just two men. these two men. in
cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter:...
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139
Nov 16, 2012
11/12
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CNBC
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eye 139
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you know what, fiscal cliff, no fiscal cliff, we're still having an amgen party here. inappropriate balloon moment there. they make all kinds of drugs for many serious illnesses. it has seven products in development that are starting phase three clinical trials in the early part of next year. phase three means it's getting near fruition. amgen could double earnings per share over the next eight years. that is much better than a sharp stick in the retina. amgen reported on october 23rd after the close and the company delivered spectacular results and was a true triple play. earnings came in $1.67, and revenues 5.9% year over year. when the street was looking for $4.25 billion. management's four-year guidance, substantially higher than the analysts expecting. those were fabulous numbers. no surprise that the stock shot up from $87.32, to nearly $90 in after hours trading. however, the next day amgen started to come back down, and since then, courtesy of the fiscal cliff, the stock is only going further downhill. it's down 6.3% from its highs after doing everything we wan
you know what, fiscal cliff, no fiscal cliff, we're still having an amgen party here. inappropriate balloon moment there. they make all kinds of drugs for many serious illnesses. it has seven products in development that are starting phase three clinical trials in the early part of next year. phase three means it's getting near fruition. amgen could double earnings per share over the next eight years. that is much better than a sharp stick in the retina. amgen reported on october 23rd after the...
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in washington that we are all have about the so-called fiscal cliff the fiscal curve the showdown whatever you want to call it it's a debate over priorities it's a debate about what we want our country to be and for those of us who support medicare and medicaid who believe that health care is something everyone ought to have it starts with having the wealthiest people in this country contribute their fair share in taxes and unfortunately the republicans have been drawing a line in the sand and it makes no sense makes no sense at all and so it's just so critical not just for the affordable care act but for medicare and medicaid for health care for people disability for the elderly for all of us and that's why we're very very fit in the president has made it quite clear that he's going to stand firm and he's going to insist on revenue and he's going to stand up for these programs care is the director of health policy with national women's law center how does this affect women and families and what is how is it going to be different two years from now than it is. i was going to be different t
in washington that we are all have about the so-called fiscal cliff the fiscal curve the showdown whatever you want to call it it's a debate over priorities it's a debate about what we want our country to be and for those of us who support medicare and medicaid who believe that health care is something everyone ought to have it starts with having the wealthiest people in this country contribute their fair share in taxes and unfortunately the republicans have been drawing a line in the sand and...
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69
Dec 26, 2012
12/12
by
WMAR
tv
eye 69
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cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still down 29% from the peak in june of 2006. >>> it's become as much of a seasonal shopping tradition as black friday, the day people return gifts and look for a better deal. >> reporter: earlier today it looked and felt like the day after christmas with the falling snow and people in their cars sloshing their way to the stores in the mall. >> my aunt gave me a gift card to macy's. i was going to see what they have. if there's something i like, i will get my mom to buy it. >> i don't have any returns. >> i'm returning my coach purse because i'm getting a different color. >> reporter: for many
cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still...
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134
Dec 27, 2012
12/12
by
MSNBCW
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eye 134
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people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's
people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the...
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124
Dec 27, 2012
12/12
by
FBC
tv
eye 124
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fiscal cliff or no fiscal cliff. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don'know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about mon. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. david: the president's back at the white house and the senate met today for the first time since going on the holiday break. but seems like the political train is still heading for a cliff. shibani: taking all of us with it. so where are we flow? -- so where are we now, just days away from tax hikes. fox business's rich edson is live from the capitol. where are we rich? any closer or exactly where we were about 12 hours ago? rich: we're about 12 hours closer to the fiscal cliff as far as negot
fiscal cliff or no fiscal cliff. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don'know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about mon. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things,...
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Dec 27, 2012
12/12
by
FOXNEWSW
tv
eye 205
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cliff is not the fiscal cliff. it should be really called returning to the clinton era tax rates, which isn't that the democrats dream to return to the clinton era tax rates? >> no. that was 39%. i don't think that's a big deal and not comparable to what the rates were under reagan or going back to even clinton. clinton was 39%. >> that's where we are going, 39%. >> what about this? every time bainner and obama gets close to a deal, obama moves the goalpost back. >> because he's playing hardball. he's going, republicans, i don't care about that, i get that for free. he's kind of the guy that came to play and staunch for his side. >> the american people, when you look at the policy, they think it's president obama who is willing to compromise. >> because he's able to fit it in. because he hasn't conceded anything. >> and who are the obstructionists? who is afraid to move? it's my ideology, i can't negotiate. and even if we go off the cliff we endanger the whole economy. >> again, the idea of add hearing to a princip
cliff is not the fiscal cliff. it should be really called returning to the clinton era tax rates, which isn't that the democrats dream to return to the clinton era tax rates? >> no. that was 39%. i don't think that's a big deal and not comparable to what the rates were under reagan or going back to even clinton. clinton was 39%. >> that's where we are going, 39%. >> what about this? every time bainner and obama gets close to a deal, obama moves the goalpost back. >>...
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272
Dec 26, 2012
12/12
by
CNBC
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eye 272
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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101
Dec 28, 2012
12/12
by
MSNBCW
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eye 101
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much more than the fiscal cliff. >> exactly. the debt ceiling is a cliff. the fiscal cliff is somewhat misname because as we said -- >> slope. >> slope. curb. go over and get back. it is not so bad. but, you know, there's no sort of we defaulted yesterday and today we are sort of undefaulting. it doesn't work that way. once you defaulted on your debt, i mean, you have really sent the world a message you are deeply dysfunctional and the president has said i'm not going to negotiate over that. i'm not going to allow that kind of threat to the credit worthiness of the greatest economy in the world. >> yet, that's where all of the republicans want to have their next fight. >> that's where they want to have the fight. give it to them or not. i suspect he won't. >> quite a few days followed by quite a few months. thanks so much for joining us. we appreciate it. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me
much more than the fiscal cliff. >> exactly. the debt ceiling is a cliff. the fiscal cliff is somewhat misname because as we said -- >> slope. >> slope. curb. go over and get back. it is not so bad. but, you know, there's no sort of we defaulted yesterday and today we are sort of undefaulting. it doesn't work that way. once you defaulted on your debt, i mean, you have really sent the world a message you are deeply dysfunctional and the president has said i'm not going to...
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101
Dec 5, 2012
12/12
by
MSNBCW
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eye 101
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. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive. it is the math. >> magic math. >> magic beans and fairy dust. >> president obama did win the election. >> me thinks somebody made him king. >> no. i don't think that's right. >> he doesn't see where he stands in the universe. >> i would say we're nowhere. >> are we that far apart? >> both sides want a deal. >> a matter of math. >> try to stay away from hypotheticals. >> it won't pass. >> discussions abo u >> unicorns. >> they're imaginary beasts. >> magic beans. >> magic math. >> an enchanted universe. >> outrageous. >> the whole thing is going wacky. >> i would say we're nowhere. >> i don't envy the position the speaker is in. >> we're nowhere. you just mig
. >> i'm worried about the fiscal cliff in the same way i'm worried about martians. >> fiscal cliff. >> fiscal whatever it is. >> is this a rerun? >> still no progress as all sides jockey for position. >> i would say we're nowhere. >> speaker john boehner issued a downer offer yesterday. >> the white house quickly dismissed it. >> the speaker's proposal is out of balance. >> it is more of the same. >> it is not me being positive....
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229
Dec 14, 2012
12/12
by
KGO
tv
eye 229
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the fiscal cliff? >> it could make a difference in life. i mean, it all depends on how you look at it. >> and what exactly is the fiscal cliff? >> i'm not sure exactly what that is. but, i mean, if you really think about it, i guess it could cause something, if you, like, researched it or whatever. >> are you worried about the fiscal cliff? >> yeah, kind of. >> what exactly is the fiscal cliff? >> it's a raise in taxes and -- yeah. now i'm going to look like a fool. i don't know. [ laughter ] uh-huh. i don't know. >> are you worried about the fiscal cliff? requi >> i guess, yeah. >> what is it? >> something to do financially. yeah. that's all that i can tell you. >> why are you worried? >> because you have a worried look on your face. >> it's not good. i know that. so yeah. >> do you know what it is? >> no, i really don't. you go off the cliff. >> are you worried about the fiscal cliff? >> no. >> what is it? >> well, the fiscal cliff i know is mr. huxtable. that's the only one i know. >> well, yeah. yo
the fiscal cliff? >> it could make a difference in life. i mean, it all depends on how you look at it. >> and what exactly is the fiscal cliff? >> i'm not sure exactly what that is. but, i mean, if you really think about it, i guess it could cause something, if you, like, researched it or whatever. >> are you worried about the fiscal cliff? >> yeah, kind of. >> what exactly is the fiscal cliff? >> it's a raise in taxes and -- yeah. now i'm going to look...
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123
Nov 15, 2012
11/12
by
CSPAN2
tv
eye 123
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what the fiscal cliff -- fiscal cliff will require some sort of action. it won't solve the problem, but the question is, how does it set up a potential solution. .. and remember, this is where none of you really understand how washington talks about tax. know was talking about a cut. they're talking about a reduced rate of growth. it's not the way you cut. where the republicans get attacked by people is to say oh, you want big cuts. all the one is a slower rate of increase. if it's done anyway that doesn't have disciplines or doesn't change the law, republicans will feel they have been taken to the cleaners again. i honestly think you can get a deal here, this comes back to trigger locks point. in american political system, there's interest in the senate, frankly i think jon boehner is serious, i think cantor, but it won't work as the president doesn't lead. the president has to kind of set the course in the system. you saw that in the '80s in any piece of legislation that i was part. now be the big question whether this president steps up and leads. >> w
what the fiscal cliff -- fiscal cliff will require some sort of action. it won't solve the problem, but the question is, how does it set up a potential solution. .. and remember, this is where none of you really understand how washington talks about tax. know was talking about a cut. they're talking about a reduced rate of growth. it's not the way you cut. where the republicans get attacked by people is to say oh, you want big cuts. all the one is a slower rate of increase. if it's done anyway...
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Nov 12, 2012
11/12
by
CNBC
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eye 158
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let them go over the fiscal cliff. the deal is within reach. >> and not even america's favorite stock is immune. >> why are you buying apple here? >> it was overpriced at 536. >> there is one man you can always count on. >> big pop for "sky fall." the newest installment knocked them dead at the box office over the weekend and sold tickets. >> to help us find fast money special guest is in town. let's get to it. "fast money" starts right now. >>> live from the nasdaq market site i am melissa lee. here are the top three trades. the s&p 500 is close behind. should you be buying this dip? what some of the biggest hedgefund dealers are doing to make money. black friday is so yesterday. how retailers are trying to cash in and how you should be trading it right now. we have to get straight to america's most valuable company and that is apple shares falling yet again today. it is not just cnbc taking notice. michael wolf asks whether the age of apple is ending? is this the ultimate contrarien indicator. he says the tip is know
let them go over the fiscal cliff. the deal is within reach. >> and not even america's favorite stock is immune. >> why are you buying apple here? >> it was overpriced at 536. >> there is one man you can always count on. >> big pop for "sky fall." the newest installment knocked them dead at the box office over the weekend and sold tickets. >> to help us find fast money special guest is in town. let's get to it. "fast money" starts right...
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80
Dec 28, 2012
12/12
by
FBC
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eye 80
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byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term treasury bond which for full disclosure i own from my clients. i am short using the et after the stock-market and the s&p and the dow and the russell. my client's head of ford folios and we have smaller stocks like family dollar stores. if the economy gets worse and full disclosure we do own family dollar, these kind of companies are going to do well when people have no money. shibani: great hedge plays, thanks very much. -pdennis: john brown coming up, the only real fix for washington gridlock is to limit legislators to 1-year terms. shibani: crisis averted on the east coast. massive looming por
byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term...
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Nov 21, 2012
11/12
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FBC
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>>n a worst-case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, don't think the fed has the tools to offset that. gerri: don't look at me, can do anything if you can't avoid the fiscal cliff. what did you make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes woul likely quickly push the u.s. economy into a recession and there is nothing the fed cado to prevent that from happening. gei: it seems to have unloaded everytng they have, the economy has to come back on its own now. >> they can do with the bank of japan is now supposedly considering, resort to negative interest rate policy. consumerwould be charged to keep money in savings accounts. that is one way getting people to spend, i don't think that is likely to happen anytime soon. gerri: i think that is just crazy talk to lots of viewers. but it is reality. instead of getting paid for putting your money someplace, which is the way it normally happens, instead you have to pay for the privilege. now why are people willing to ma
>>n a worst-case scenario where the economy goes off the broad fiscal cliff, the largest fiscal cliff, don't think the fed has the tools to offset that. gerri: don't look at me, can do anything if you can't avoid the fiscal cliff. what did you make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes woul likely quickly push the u.s. economy into a recession and there is nothing the fed cado to prevent that from happening....
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Dec 5, 2012
12/12
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FOXNEWSW
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fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game. because we have to break that habit before it starts. >> bret: what about that? >> well, the president had as many red lines for iran as for house republicans. i think what kirsten said is absolutely remarkable. it is about the scalp. it's about the president having made a campaign argument for the better part of 2012. so that he could run a class warfare campaign. now having to make good on that with the base of his party. the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in
fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game....
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Nov 14, 2012
11/12
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CNBC
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you've got the fiscal cliff. more importantly, you have a fiscal abyss, which is what do we do going forward. >> $16 trillion in debt. >> how do we make sure that the united states continues to have a growing and vibrant economy? i think that simpson-bowles gave a good blueprint for what we need to do there where everybody shared and sacrificed what with to do. both taxes and tax rates went up. spending got reduced. so i think we're at a point now in our country we just had an election, people are aware of these problems. they expect elected officials in washington, including the president of the united states to compromise and work together to come up with a solution. >> you have to operate your business regardless of what's going on in the world. you as a businessman, how are you dealing with this? do you need to resize the business, do something different in terms of facing the new reality where you are going to see tax rates go higher, you are going to see a heavy regulatory environment? what are you doing di
you've got the fiscal cliff. more importantly, you have a fiscal abyss, which is what do we do going forward. >> $16 trillion in debt. >> how do we make sure that the united states continues to have a growing and vibrant economy? i think that simpson-bowles gave a good blueprint for what we need to do there where everybody shared and sacrificed what with to do. both taxes and tax rates went up. spending got reduced. so i think we're at a point now in our country we just had an...
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Dec 1, 2012
12/12
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CURRENT
tv
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is it a fiscal cliff or a slope? how dramatic will this fall off be on january 1st? or is there going to be the decision that if this decision is not made on january 1st, we'll be fine. >> they constantly talk about a short-term agreement right now and then pushing important decision abouts entitlement reform taxes that kind of stuff into 2013. clearly we're not confronting a killer drop off, a fiscal cliff that we hear so often that will send the country careening into a recession after bees december 31st. this will play out across 2013. it's not going to happen all on one single day. it is a fiscal slope. some of the budget lines here in washington has tried to emphasize that point. but the problem is when you have john boehner and in the white house, folks like this in washington using the term fiscal cliff, it takes to become a reality and take on language of its own. >> eliot: it seems to me that there is an element of hysteria being created and used by some folks. you have fix the debt coalition that is pounding away at this terror, and then you see cmbc and th
is it a fiscal cliff or a slope? how dramatic will this fall off be on january 1st? or is there going to be the decision that if this decision is not made on january 1st, we'll be fine. >> they constantly talk about a short-term agreement right now and then pushing important decision abouts entitlement reform taxes that kind of stuff into 2013. clearly we're not confronting a killer drop off, a fiscal cliff that we hear so often that will send the country careening into a recession after...
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Aug 29, 2012
08/12
by
CNBC
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eye 48
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number one, the fiscal cliff and what the economic impact could be if we did get a full fiscal cliff. but also, looked at the impact of various industries and specific companies. and the second thing we tackled was looking at the business outlook, the outlook, what corporates are saying now about the current outlook and how it compares to 2008. with regard to your question, if it hits in full effect and we don't think it will, we think there is a 15% likelihood that fiscal cliff will hit, and i can go to that in some detail -- >> that's fine, 15%. what would the impact be on gdp? >> for first quarter of 2013, our economist neil sauce thinks real gdp could be negative 5%. >> holy smokes! >> and potentially negative 3% for q2 before we eventually see a bit of a recovery in the fourth quarter of next year. that's significantly worse forecast than what anybody is expecting. that's not our base forecast. by the way. >> sure. what do you do in that case? give me a good idea if you want to prepare your portfolio for that possibility. >> sure, so a couple of things. by the sector level, not t
number one, the fiscal cliff and what the economic impact could be if we did get a full fiscal cliff. but also, looked at the impact of various industries and specific companies. and the second thing we tackled was looking at the business outlook, the outlook, what corporates are saying now about the current outlook and how it compares to 2008. with regard to your question, if it hits in full effect and we don't think it will, we think there is a 15% likelihood that fiscal cliff will hit, and i...
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Nov 20, 2012
11/12
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FBC
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fiscal policy in order in order to avoid the fiscal cliff. we have not talked about this, raising the debt ceiling, pushing it again, and he warned that a default could be crisis for business opportunity and actions so with that, i guess we're ready to go out to peter listening to the federal reserve chairman as well in washington with a recap and what stuck out for him. hello, peter. >> hey, that's right. i thought the comments in the end in particular saying the potential for the economy to strengthen significantly exists out there if washington can get its act together and do something to fix the fiscal cliff because he said while the fed, of course, is standing by to provide help for the economy to help keep the economic recovery going, quote, "i don't think the fed has the tools to offset that" ie, the country going off the fiscal cliff, the economy going over the fiscal cliff, but he did say, repeated the fed is standing by continuing to do all it can to keep the economy going, even if the fiscal cliff occurred, but that there also will
fiscal policy in order in order to avoid the fiscal cliff. we have not talked about this, raising the debt ceiling, pushing it again, and he warned that a default could be crisis for business opportunity and actions so with that, i guess we're ready to go out to peter listening to the federal reserve chairman as well in washington with a recap and what stuck out for him. hello, peter. >> hey, that's right. i thought the comments in the end in particular saying the potential for the...
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Dec 10, 2012
12/12
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KTVU
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how tumbling over the fiscal cliff could affect the housing recovery. in today's cover story, coffee bean prices are dramaticly lower. why the price of some cups of joe remains the same. plus, a breakdown of the recent jobs data. what sector is still struggling? what you can expect to pay at the gas pump this holiday season. and, this year's literary sensation made for a very merry christmas for workers at a publishing house. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, december 10th. i'm angela miles. in today's first look: traders are watching for a santa claus rally, but it's not happening for tech yet. on friday the dow finished off a 3-session winning streak, but the nasdaq lost more ground as apple continues to sink tech stocks. gold rallied above $1,700 an ounce, while oil pulled back. aig reports its losses from damage and destruction caused by superstorm sandy will be $1.3 billion. it's green monday. the second monday in december is considered a cri
how tumbling over the fiscal cliff could affect the housing recovery. in today's cover story, coffee bean prices are dramaticly lower. why the price of some cups of joe remains the same. plus, a breakdown of the recent jobs data. what sector is still struggling? what you can expect to pay at the gas pump this holiday season. and, this year's literary sensation made for a very merry christmas for workers at a publishing house. first business starts now. you're watching first business: financial...
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1.8K
Dec 7, 2012
12/12
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KQEH
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and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those that got them in the office. and they're arguing amongst themselves without much care about the people they represent. >> tom: a lot of those folks are retiree, we have a question from anita asking what is the investing or financial planning lesson paul use most during retirement? >>
and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed...
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104
Nov 13, 2012
11/12
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MSNBC
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you look at like the deal that will eventually probably be cut, you know, on the fiscal cliff, fiscal slope, whatever you want to call it. republicans in washington talking about the first time being open to tax increases. try selling that to republicans in the house who are in safe republican districts who don't think they've done anything wrong the last couple of years. >> at the same time, you have newt on "morning joe" talking about the principles that got them in. last night you had huckabee on the daley show that younger people like i and krystal watch -- >> it's on past my bedtime. >> he was saying, they out to reach out more to minorities. >> he's right but the problem is you can't just reach out to minorities. you have to have policies that make sense. they also have a problem with tone. you know, bill o'reilly came out after this election and basically said, minorities voted for obama because they wanted stuff. if your party is saying things like that and no one is calling it out, how successful -- >> but huckabee. let me show you what he said and give you the interesting po
you look at like the deal that will eventually probably be cut, you know, on the fiscal cliff, fiscal slope, whatever you want to call it. republicans in washington talking about the first time being open to tax increases. try selling that to republicans in the house who are in safe republican districts who don't think they've done anything wrong the last couple of years. >> at the same time, you have newt on "morning joe" talking about the principles that got them in. last...
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127
Dec 26, 2012
12/12
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MSNBCW
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there is trepidation about the fiscal cliff. people know if there is not an answer here to the fiscal cliff, they are going to likely see an increase automatically to their withholding on their paychecks and taxes are likely to go up. people may have been a little more frugal going into the holidays. on top of that, you have unusual issues. it is still a concern. on the flip side, there is a big day of people bringing returns. the mall here according to the people who work at the mall is as busy as it was the days before christmas. you will see that at a lot of places. people bringing items back and what's interesting is retailers have made it a little bit more complicated this year to return items in part because when you return those items, they want you to take the money that you got and spend it on something else. it's a slow process and another problem of course is this one caught me by surprise. $2 billion worth of merchandise will be returned fraudulently. that means that somebody by and large stole something from the sto
there is trepidation about the fiscal cliff. people know if there is not an answer here to the fiscal cliff, they are going to likely see an increase automatically to their withholding on their paychecks and taxes are likely to go up. people may have been a little more frugal going into the holidays. on top of that, you have unusual issues. it is still a concern. on the flip side, there is a big day of people bringing returns. the mall here according to the people who work at the mall is as...
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114
Oct 26, 2012
10/12
by
FBC
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eye 114
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falls off that fiscal cliff. the organization warns that the looming spending cuts and tax hikes could remove $500 billion from the economy. >>> the white version of apple's ipad membership any selling out within 20 minutes of being made available for preorder. the device is scheduled to hit stores a week from today. >>> this breaks my heart, it does. nhl canceling the entire schedule of november because there is no agreement tweem the players and owners. this brings the end to roughly a quarter of season. this is today's speed read [buzzer] david: you did it. liz: what are they thinking? what are they thinking? david: we'll ask mr. bettman and find out. liz: we love gary bettman to come in. during the first presidential debate mitt romney pointed out problems he had with dodd-frank regulation. >> one is it designates a number of banks too big to fail and they're effectively guaranteed by the government. this is the biggest kiss given to new york banks i have ever seen. liz: we have somebody who agrees with romne
falls off that fiscal cliff. the organization warns that the looming spending cuts and tax hikes could remove $500 billion from the economy. >>> the white version of apple's ipad membership any selling out within 20 minutes of being made available for preorder. the device is scheduled to hit stores a week from today. >>> this breaks my heart, it does. nhl canceling the entire schedule of november because there is no agreement tweem the players and owners. this brings the end...
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May 22, 2012
05/12
by
MSNBC
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eye 174
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>> yeah, because we are headed at the end of the year, for the fiscal cliff. fiscal cliff is all the bush tax cuts expiring, and of course the see quester, $1.2 trillion of additional spending cuts as well as alternative minimum tax coming back on people, as well as unemployment insurance extension running out. so lots of key issues coming up. absolutely i believe we should revisit bowles-simpson, as you know that grew out of a proposal of senator judd gregg and iing we made that five years ago. i serveden 0 the bowles-simpson commission, as senator greg. we supported its findings. i believe that's the best blueprint for going forward. that's why i put that before the senate budget committee this year. but i said, we're not going to vote on it right now, because we all know what will happen if we vote on it right now it will go down. you've got to wait, i think, until after the election before people are prepared to move off their fixed positions. and that's what we've got to get all sides to do, move off their fixed positions. bowl simpsons is a great outline
>> yeah, because we are headed at the end of the year, for the fiscal cliff. fiscal cliff is all the bush tax cuts expiring, and of course the see quester, $1.2 trillion of additional spending cuts as well as alternative minimum tax coming back on people, as well as unemployment insurance extension running out. so lots of key issues coming up. absolutely i believe we should revisit bowles-simpson, as you know that grew out of a proposal of senator judd gregg and iing we made that five...
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71
Dec 8, 2012
12/12
by
CSPAN
tv
eye 71
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the fiscal cliff would affect 27 million american families. there are other parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in 30 days or 90 days and we are clear about that, but nothing people believe we are going to do something until we do it. >> the to go to the broader concern. does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in
the fiscal cliff would affect 27 million american families. there are other parts of this. when you hear about the fiscal cliff, it is not really the tax rate. i do not buy that at all. i do not think we need to increase these tax rates. >> if you go over and the tax rates go up on everyone and all that goes away -- >> i do not think we should do it. i think we should resolve this. it depends on if we do something about it in the next month or two after that. if we do something in...
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142
Nov 30, 2012
11/12
by
CURRENT
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let's start with the fiscal cliff. secretary reich if we hit the fiscal cliff would it be devastating and hence we must do cuts in social security and medicare? >> first of all the fiscal cliff is a misnomer. it really is not a cliff. we can go over it and a lot of people won't feel much, particularly if democrats do what they say they're going to do, and that is pass a bill that makes the tax cuts retroactive to january 1 for the middle class. that's what democrats would do, giving them maximum bargaining with the republicans. we don't have a debt crisis. that's another might geology that a lot of people, republicans and media are talking about. there is no the a budget deficit crisis right now. in the years beginning 10 years from now, we will have very large budget deficits, but those are because of health care costs rising projected to rise very, very high and that's going to hurt medicare and medicaid, not because medicare and medicaid are the problems, but because underlying those medicare and medicaid problems p
let's start with the fiscal cliff. secretary reich if we hit the fiscal cliff would it be devastating and hence we must do cuts in social security and medicare? >> first of all the fiscal cliff is a misnomer. it really is not a cliff. we can go over it and a lot of people won't feel much, particularly if democrats do what they say they're going to do, and that is pass a bill that makes the tax cuts retroactive to january 1 for the middle class. that's what democrats would do, giving them...